The international rules for documentary collections are the URC 522

The timing of receipt of goods and documents may often not match. Check out what happens in various such situations

This video speaks about the risks involved in Dc and the need for uniform rules

Let us deal with some URC 522 definitions

Transport document is generated when the goods are picked up for transporting. Take a look at how it works.

The role of parties in a DC and the bankers obligation, is dealt with here

Few other aspects of Bill of Lading is dealt with in this video

Understand how an airway bill works

Get to know the requirements of Collection Instructions

Understand the methods of presentation of documents

Documents for collection can be on sight or acceptance. Get to know more

The presenting bank is responsible to check if the documents are complee and correct.

The act of Bank guaranteeing the Bill run on the buyer is called Avalisation

Aricle 10 covers the documents versus Goods or services

Get familiar with the disclaimers for acts of an instructed party

Force majeure relates to events beyond anybody's control